LTS One Management LP Invests $10.83 Million in The Sherwin-Williams Company $SHW

Key Points

• LTS One Management LP has acquired 31,000 shares of The Sherwin-Williams Company, valued at approximately $10.8 million, making it 3.2% of its portfolio.
• Sherwin-Williams reported a Q2 earnings per share (EPS) of $3.38, missing estimates by $0.38, with revenues of $6.31 billion.
• The company declared a quarterly dividend of $0.79, resulting in an annual yield of 0.9%, with the ex-dividend date set for August 15th.

LTS One Management LP bought a new position in shares of The Sherwin-Williams Company (NYSE:SHW - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 31,000 shares of the specialty chemicals company's stock, valued at approximately $10,825,000. Sherwin-Williams comprises about 3.2% of LTS One Management LP's portfolio, making the stock its 16th biggest holding.

Other institutional investors have also made changes to their positions in the company. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the 4th quarter worth approximately $27,000. Perkins Coie Trust Co acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $27,000. Synergy Investment Management LLC increased its holdings in shares of Sherwin-Williams by 583.3% during the 1st quarter. Synergy Investment Management LLC now owns 82 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 70 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $30,000. Finally, HWG Holdings LP acquired a new position in shares of Sherwin-Williams during the 1st quarter worth approximately $46,000. 77.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SHW has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on Sherwin-Williams from $420.00 to $400.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Evercore ISI upped their price objective on Sherwin-Williams from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. Loop Capital decreased their price objective on Sherwin-Williams from $395.00 to $380.00 and set a "buy" rating on the stock in a report on Wednesday, July 23rd. BMO Capital Markets decreased their price objective on Sherwin-Williams from $405.00 to $391.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Finally, Citigroup decreased their price objective on Sherwin-Williams from $385.00 to $375.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Sherwin-Williams presently has a consensus rating of "Moderate Buy" and a consensus price target of $387.27.

Insider Buying and Selling

In other Sherwin-Williams news, insider Justin T. Binns sold 609 shares of the business's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $368.82, for a total value of $224,611.38. Following the sale, the insider directly owned 17,922 shares in the company, valued at $6,609,992.04. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO James P. Lang sold 860 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $350.35, for a total value of $301,301.00. Following the sale, the chief accounting officer owned 377 shares in the company, valued at approximately $132,081.95. The trade was a 69.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Sherwin-Williams Price Performance

Shares of SHW traded down $0.26 during trading hours on Monday, hitting $365.92. 1,328,498 shares of the company were exchanged, compared to its average volume of 1,880,490. The company has a market cap of $91.24 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 3.04 and a beta of 1.18. The Sherwin-Williams Company has a fifty-two week low of $308.84 and a fifty-two week high of $400.42. The company has a quick ratio of 0.48, a current ratio of 0.78 and a debt-to-equity ratio of 1.78. The firm's fifty day moving average is $350.69 and its 200 day moving average is $348.22.

Sherwin-Williams (NYSE:SHW - Get Free Report) last released its earnings results on Tuesday, July 22nd. The specialty chemicals company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.38). The company had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.31 billion. Sherwin-Williams had a return on equity of 66.91% and a net margin of 11.03%.The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company posted $3.70 earnings per share. Sherwin-Williams has set its FY 2025 guidance at 11.200-11.500 EPS. On average, equities analysts anticipate that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 15th. Sherwin-Williams's dividend payout ratio (DPR) is 31.35%.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.